What are your thoughts on the fertiliser price s for 2022

Normally if you are trying to solve a tax problem you should have the cash flow to pay or to pay for a large proportion up front.

It's a mistake some beef farmers make when you have excess cash you have to mind it. With Beef you tend to have a large amount of excess cash at times and it's the ability to hold onto this is key in the business

It amazing the amount of tanglers driving around now in new 222 and 231 LC with new IW trailers. Last year they made serious money on cows during May/June. The accountant will be giving them a copy of there accounts and there tax bill in another week or two. The KC and IW will only partially sol E the tax bill

No there is a core of them.in there late 40's into there 50's lads that always had 10-12 year old jeeps.

I was making the comment in regarding the management of cashflow and the tendancy of farmers to spend spend windfall profits

On the tax first of all. The LC only solves future tax issues that may or may not exist. It will not solve tax on a windfall profit issue. Windfall profits are better dealt with as a sole trader by using stock values, if available, pension investment, forward purchases of material's fencing Diesel, fertilizer etc ( although I was against that last Autumn so not an option last year IMO then). If you had land rented or leased payment of 2023 by cheque during the last week in December 2022 would give a year to solve the issue.

Buying any machinery only allows a 12.5% linear deduction. In the case of of the LC&Box probably a 65k investment it gives about 8K tax shield or knocks 4k off the bill andvthetbis presuming no trade in which could reduce the benefits by up to 50%

Most business people will not make that mistake. Admittedly most are in a company format and and the 15% rate shield the tax burden.

I am not totally accepting the Government argument either. Even the free spending noughties government when it got the Telecom Eireann sale money put it into a pension fund. The present Government intends to use windfall corporation tax to create rainy day fund.

Back to my original point it quite simply this if you have a windfall tax issue and use funds to alleviate it you should have the cash flow to do that and not worry about a bill when sales are low

Any lads around here with new land cruisers are lads that can afford them irrelevant of the tax bill they owe. I genuinely can’t think of anyone that has a new jeep and cattle trailer around here that I don’t think will be able to afford their tax bill and I’d be in a lot of different farmers yards.

Maybe we’re more sensible in the midlands and it’s a Munster thing to buy new jeeps you can’t afford!

Also the waiting list this time last year for a new Land Cruiser was 8 - 10 months so plenty of time for a lad to have figured out if he could actually afford it or not.